Are there any countries which have fully nationalised banking?
Matt asked:
I know there are countries which have nationalised oil industries (all the “terrorist” countries for example..
) but how about nationalised banking? Seems pretty clear that private individuals can’t be trusted with that much power. What can we do to encourage our governments to adopt nationalised oil and banking industries? Seems we can’t do much. But I feel so strongly that I want nothing more to do with the western world. Seems even China is moving from socialist to capitalist. So where can I go?
I’m from England. England doesn’t have nationalised banking. They have only nationalised a couple of banks as a temporary measure. I want to live somewhere that has fully and permanently nationalised banking. It’s clearly the only way forward.
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I know there are countries which have nationalised oil industries (all the “terrorist” countries for example..
) but how about nationalised banking? Seems pretty clear that private individuals can’t be trusted with that much power. What can we do to encourage our governments to adopt nationalised oil and banking industries? Seems we can’t do much. But I feel so strongly that I want nothing more to do with the western world. Seems even China is moving from socialist to capitalist. So where can I go?I’m from England. England doesn’t have nationalised banking. They have only nationalised a couple of banks as a temporary measure. I want to live somewhere that has fully and permanently nationalised banking. It’s clearly the only way forward.
August 26th, 2009 at 8:03 am
England and most of the European nations have nationalized banking…the EU is “Socialist” after all.
August 26th, 2009 at 10:04 am
In fact USA has nationalized its banks,because Bank of America and Citicorp have negative valuation.England has done the same, it was started with Northern Rock Bank and The Bank of Scotland nationalizations.Russia and China are countries ruled restorationist bureaucracies, but they will fail.This is the epoch of Capitalism`s decline.
A natonalized banking system does not guarantee what you want,it is ,as you say, a rescue.
August 29th, 2009 at 2:16 am
Just a short hop to Iceland for nationalised banking.
Norway has nationalized oil.
But for both, you may need to move to venezuela. How is your spanish? And you might starve on account of the food shortages…
August 31st, 2009 at 12:58 pm
India used to have all the nationalized banks till 1991. They have opened up for private players ever since but the nationalized banks still rule.